benefit

Definition of benefit

3a: financial help in time of sickness, old age, or unemploymentb: a payment or service provided for under an annuity, pension plan, or insurance policyc: a service (as health insurance) or right (as to take vacation time) provided by an employer in addition to wages or salary

4: an entertainment or social event to raise funds for a person or cause

benefit

Definition of benefit for Students

benefited

benefiting

1: to be useful or profitable to <The changes will benefit everyone.>

2: to be helped <He'll benefit from new experiences.>

Law Dictionary

benefit

noun
ben·e·fit

Legal Definition of benefit

1: something that provides an advantage or gain; specifically: an enhancement of property value, enjoyment of facilities, or increase in general prosperity arising from a public improvement general benefit: a benefit to the community at large resulting from a public improvementspecial benefit: a benefit from a public improvement that directly enhances the value of particular property and is not shared by the community at large Editor's note: In proceedings for a partial taking for the purpose of a public improvement, the condemning authority may use a special benefit to the remaining land as a set-off against the landowner's damages for the taking.

2in the civil law of Louisiana: a right especially that serves to limit a person's liability benefit of discussion: the right of a surety being sued to compel the suing creditor to sue the principal firstbenefit of division: the right of a surety being sued to compel the suing creditor to also sue the cosureties; also: the right of the surety to be liable only for his or her proportionate share of the debtbenefit of inventory: the right of an heir to be held liable for the debts of the estate only to the extent of the assets in the estate Editor's note: The heir obtains the benefit of inventory by having a qualified public officer (as a notary public) make an inventory of the assets in the estate within the time period set by statute.

3a: financial help in time of disability, sickness, old age, or unemployment b: payment or service provided for under an annuity, pension plan, or insurance policy — see also death benefitc:fringe benefit